Forex Daily Outlook – March 5th 2010
In the last day of the week, the scene is clear for the king of forex – Non-Farm Payrolls. Let’s see what it’s expected to bring us, and what other events are out there.
Trading during this day, and especially around the release is different than normal days. The markets trade in high volatility. I recommend reading my 5 notes for Non-Farm Payrolls trading.
Britain’s producer prices jumped last month, and are expected to rise by only 0.1% after a jump of 2% last month (PPI Input). Another rise might help sterling recover from the blow it got at the beginning of the week.
For the Pound’s technical levels, check out the GBP/USD forecast.
In Europe, German Factory Orders are predicted to rise by 1.6%, following a disappointing drop of 2.3% last month.
The Euro continues to float in its range. For more, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Non-Farm Payrolls are expected to show a loss of 40,000 jobs. These low expectations come after two months in which economists were optimistic about jobs. Also the unemployment rate is expected to be worse than last time – 9.8% instead of 9.7%. Whatever the outcome, the markets will rock around this release.
In my Nonfarm payrolls preview, I wrote that the low expectations are good for the dollar. Only a big drop will hurt it.
Also in the US: Average Hourly Earnings are expected to rise by 0.2%, exactly like last month, and Consumer Credit is expected to drop by 4 billion.
That’s it for a very busy week. Happy forex trading!
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.
GBP/USD Outlook – March 1-5 2010
The Pound lost another technical level and looks down. The upcoming week is very busy, with eight important events, with the rate decision being the climax. Here’s the weekly outlook for the British events, and an updated technical analysis for GBP/USD.
GBP/USD chart with support and resistance lines marked. Click to enlarge:
BOE governor Mervyn King is [...]
Forex Daily Outlook – February 5th 2010
The busy week comes to a climax with the monthly circus around the Non-Farm Payrolls. A gain in jobs is expected in this major release. And there’s more on the menu. Let’s see what’s awaiting us:
Australia left the interest rate unchanged at 3.75%, disappointing the markets. The RBA Monetary Policy Statement will give a further [...]
GBP/USD Outlook – February 1-5 2010
Looking for the latest outlook, for the current week? Check out the section: British Pound Forecast
British growth was dwarfed by the American one, and the Pound ended the week lower. The upcoming week provides lots of important releases, with an interesting rate hike being the highlight. Here’s an outlook for the upcoming week in the [...]
Forex Daily Outlook – January 8th 2010
Tension comes to a climax today with the Non-Farm Payrolls. Are we finally going to witness a rise in jobs? It’s not the only event for today. Let’s review the events:
Japan’s Leading Indicators are predicted to rise once again. Swiss Unemployment Rate is expected to tick up to 4.2% after a similar rise to 4.1% [...]
British Pound Outlook- January 4-8 2010
Looking for the latest outlook, for the current week? Check out the section: GBP USD Forecast
The Pound enjoyed the thin trading volume to rise. Now we’re back to normal. This week is packed with major British releases, with the rate decision being the most important one. Here’s an outlook for the events that will impact [...]
Forex Daily Outlook – December 11th 2009
The busy forex trading week comes to an end with significant figures from the US this time: retail sales and consumer sentiment will set the tone for the close of the week. Let’s see what’s up for today:
EUR/USD is suffering and losing ground this week. I wonder if it will indeed close significantly lower. Casey [...]
Popular Forex Posts
Daily FX Headlines- Euro Leads Major Currencies Lower on Rumors Greece to Seek IMF Aid March 18, 2010
- USD/JPY Classical 03.18 March 18, 2010
- USD/CHF Classical 03.18 March 18, 2010
- USD/CAD Classical 03.18 March 18, 2010
- NZD/USD Classical 03.18 March 18, 2010
Stay up to date!
-
-
